Apex Frozen Foods is one of the integrated producer and exporter of shelf stable quality aquaculture products. We supply our ready-to-cook products to a diversified customer base consisting of food companies, retail chains, restaurants, club stores and distributors spread across the developed markets of USA, UK and various European countries.
Chowdary Karuturi Apex Frozen Foods IPO opens Price Brand at Rs 171-175
Our output majorly comprises of variants of processed Vannamei shrimp (White shrimp) and are sold under the brands owned by our customers and also through our brands namely Bay fresh, Bay Harvest and BayPremium.
Our processing facility is located at Kakinada, Andhra Pradesh with a capacity to process approximately over 9,240 MTPA of finished products and an additional non-exclusive pre-processing and processing arrangement at a facility owned by Royale Marine Impex Private Limited located at Bapatla, Andhra Pradesh, for a capacity to process around 3,000 MTPA of finished products.
Further, our Company has entered into an addendum to lease agreement dated April 09, 2017 with Royale Marine Impex Private Limited for an additional processing capacity of 3000 MTPA of finished products. The processing facilities are supplemented by cold storage facilities located at Kakinada and Bapatla.
Along with this, to further assuage our operations, we have our own fleet of vehicles with freezing capabilities.
Promoters of Apex Frozen Foods – Karuturi Satyanarayana Murthy and Karuturi Subrahmanya Chowdary
|Apex Frozen Foods IPO details|
|Subscription Dates||22 – 24 August 2017|
|Price Band||INR171 – 175 per share|
|Fresh issue||7,250,000 shares (INR123.97 – 126.87 crore)|
|Offer For Sale||1,450,000 shares (INR24.80 -25.38 crore)|
|Total IPO size||8,700,000 shares (INR148.77 – 152.25 crore)|
|Minimum bid (lot size)||80 shares|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
|Apex Frozen Foods’ financial performance (in INR crore)|
|Profit after tax||9.4||13.4||18.4||19.3||24.4|
Apex Frozen Foods Limited
East Godavari – 533 005 (AP)
Phone: +91 884 2383 902/03/04
Fax: +91 884 2383 905/906
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Earnings Per Share (EPS): INR10.17
Price/Earnings (P/E) ratio: 16.8 – 17.2
Return on Net Worth (RONW): 25.22%
Net Asset Value (NAV): INR40.32 per share
Apex Frozen Foods IPO Subscription Details
|Category||Shares offered||Subscription (no.
of times, at 5 PM)
|Day 1||Day 2||Day 3|
Apex Frozen Foods IPO allotment status is now available on Bigshare Services’ website.
Click on this linkto get allotment status.
IPO Opening Date: 22 August 2017
IPO Closing Date: 24 August 2017
Finalisation of Basis of Allotment: 30 August 2017
Initiation of refunds: 1 September 2017
Transfer of shares to demat accounts: 1 September 2017
Listing Date: 4 September 2017
Listing Price on NSE: INR202 per share (up 15.4% from IPO price)
Closing Price on NSE: INR212.1 per share (up 21.2% from IPO price)